French parliament votes in favour of digital sales tax

Nieuws Breedband Frankrijk 9 APR 2019
French parliament votes in favour of digital sales tax

France’s lower house of parliament has approved draft legislation to introduce the 3 percent tax on digital sales. The measure should generate EUR 400 million for the public treasury in 2019, rising to EUR 650 million in 2020, based on recent estimates. It will apply to businesses with annual turnover above EUR 750 million internationally and EUR 25 million in France, with around 30 companies expected to fall within its scope.

Commenting of the new tax measure, EU competition commissioner Margrethe Vestager said that France was “showing the way” to other member states eager to change how large internet companies are taxed. “The best thing is a global solution, but if we want solutions in a reasonable time, then Europe must step forward,” Vestager told radio channel France Inter.


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Internet

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Frankrijk

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Wireline, Wireless, Enterprise, Advertising services, Legislation - Lawsuits

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